Wednesday, March 9, 2016
Beijing overtakes New York as Billionaire Capital of the World
The latest Hurun Report has listed Beijing as Billionaire Capital of the World for the first time, overtaking New York City. 100 billionaires live in Beijing with over 568 billionaires living in China. China is ranked number one in most billionaires within its borders with five out of top 10 cities on the list. Hong Kong is ranked number four, Shanghai ranked number five, Shenzhen ranked number seven and Hangzhou ranked number nine. The combined net worth of all Chinese billionaires would be $1.4 trillion, similar to the GDP of Australia. Check out latest Hurun report here.